|
Today\'s FOMC adjournment brought us the expected quarter point rate cut that was expected by many, but the post-meeting statement created concern about inflation.
The Fed referenced the weak housing market as a contributing factor to the change in short-term interest rates, but also indicated that inflation remains an issue, particu larly with the high energy and oil prices we are currently seeing.
The move and comments leads many to believe that the Fed will not make another rate cut in the near future. |
|
|